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Minimum Wage Legislation
Beginning of paper
I am going to pose the question to you the students of Sir Sandford Fleming
College, do you really want the left in affect? As
college students you are not benefiting or gaining anything from minimum wage
legislation. The requires all employees to be paid at
least some fixed given dollar amount per hour. This sounds good, but it isn't
.... Middle of paper
.... high,
therefore there is a surplus of unskilled workers in the job market. The effect
of a surplus drives down an individuals reservation wage, as they are willing to
do and take anything for work. Minimum wage only makes this fact more severe, as
it increases the supply of workers.
Minimum wage increases the cost of doing business, and unfortunately in today's
economic conditions employers are not able to pass on the extra costs to the
consum ....
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Number of words: 936
Number of pages: 4 (approx. 250 words per double-spaced page)
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